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Data Dictionary: ACS 2016 (1-Year Estimates)
you are here: choose a survey survey data set table variable details
Data Source: Social Explorer; U.S. Census Bureau
Universe: Owner-occupied housing units
Variable Details
A10041. Mortgage Status
Universe: Owner-occupied housing units
A10041_003 With Either a Second Mortgage or Home Equity Loan, but Not Both:
Percent base:
Owner-Occupied Housing Units: (SE:A10041_001)
Aggregation method:
Addition
Formula used to compute this variable:
Return_Value = ACS16:B25081003; if (ACS16:B25081003.IsNull) Return_Value.IsNull = true
Variables used in the formula:
ACS16:B25081003
Owner-Occupied Housing Units: with Either a Second Mortgage or Home Equity Loan, but Not Both
Relevant Documentation:
Excerpt from: Social Explorer; U.S. Census Bureau; 2016 ACS 1-year and 2012-2016 ACS 5-year Data Releases: Technical Documentation.
  2016 ACS 1-year and 2012-2016 ACS 5-year Data Releases: Technical Documentation -> Appendix A: Supplemental Documentation -> 2014 Subject Definitions -> Housing Variables -> Mortgage Status
Mortgage Status
The data on mortgage status were obtained from Housing Questions 22a and 23a in the 2013 American Community Survey. The questions were asked at owner-occupied units. "Mortgage" refers to all forms of debt where the property is pledged as security for repayment of the debt, including deeds of trust; trust deeds; contracts to purchase; land contracts; junior mortgages; and home equity loans.

A mortgage is considered a first mortgage if it has prior claim over any other mortgage or if it is the only mortgage on the property. All other mortgages (second, third, etc.) are considered junior mortgages. A home equity loan is generally a junior mortgage. If no first mortgage is reported, but a junior mortgage or home equity loan is reported, then the loan is considered a first mortgage.

In most data products, the tabulations for "Selected Monthly Owner Costs" and "Selected Monthly Owner Costs as a Percentage of Household Income" usually are shown separately for units "with a mortgage" and for units "not mortgaged." The category "not mortgaged" is comprised of housing units owned free and clear of debt.

Mortgage status provides information on the cost of home ownership. When the data is used in conjunction with mortgage payment data, the information determines shelter costs for living quarters. These data can be used in the development of housing programs aimed to meet the needs of people at different economic levels.

Question/Concept History

Since 1996, the American Community Survey for mortgage status questions have been the same.

Comparability

Data on mortgage status in the 2013 American Community Survey can be compared to previous ACS and Census 2000 mortgage status data. For Census 2000, tables for both total owner-occupied housing units and specified owner-occupied housing units were released, thus comparisons can be made only when comparing the same universes between the two data sets.